AxiTrader Review – Australian Owned and Operated
Founded in Sydney 2007, AxiTrader has grown to become one of Australia’s most trusted FX brokers. AxiTrader was launched by traders who had a simple business model in mind for potential traders. And that is to offer great 24-hour service and to provide tight spreads and fast execution.
It appears this simple business model has worked! The small company that launched in Sydney a decade ago is now a global operation with offices in London, Singapore, Dubai, Shanghai, Manilla and Auckland.
Why Trade With AxiTrader?
Low spreads
Axi offer some of the tightest spreads in the FX market. Their spreads go as low as 0.0 pips, although there are also commissions attached so be aware of that. That said they are still one of the most competitive brokers when it comes to spreads. You can see some of their live FX spreads by clicking here.
Founded by traders for traders
AxiTrader was created and launched by traders which means that the company has been built with traders in mind. The Management team at Axi have assembled their brokerage nicely, with all the essentials at a customer’s fingertips.
Standard or pro trading accounts
AxiTrader uses MT4 and customers can sign up for two different account types; MT4 Standard and MT4 Pro. Each of these account types offer different pros and cons, depending on what an individual trader is looking for. The main difference between the two is that the Standard account has wider spreads but customers pay $0 commission. Whereas the Pro account has spreads from 0 pips but there is a $7 round trip commission cost.
Fast trade execution
AxiTrader are an ECN broker and this means there is no dealing desk intervention when you trade. Instead, you are trading direct to the market. This ensures that trade execution time is fast and your trades are filled at competitive pricing.
Why AxiTrader Might Not Be For You
Limited range of assets to trade
If you are looking to trade FX, then AxiTrader is definitely worth looking at because of their tight spreads etc. However, if you want to trade stock CFDs, ETFs and Bonds then they are not going to be for you.
Which Markets Can I Trade With AxiTrader?
- Forex: AxiTrader offers some 80 different FX pairs, including all the usual suspects (AUD, USD, EUR, GBP) plus many other minor and exotic pairs
- Commodity CFDs: trade some of the world’s oldest and most valuable commodity assets, including Gold, Silver, Platinum, WTI Crude Oil, Brent Crude oil
- Equity Indices CFDs: trade the globe’s major indexes including the AUS200, CAC40, FT 100, Nikkei 225 and NASDAQ 100.
Other Important Trading Features – AxiTrader
Expert Advisors (EAs)
As AxiTrader uses the world-class MT4 trading platform, their system is compatible with third party EAs so you can automate your trading if that’s of interest
Free demo account
Try before you buy – test out the AxiTrader trading platform (MT4) in the demo environment with $50,000 dummy funds in the account
Regulated by ASIC
AxiTrader, as part of AxiCorp (ACN 127 606 348) is authorised and regulated by ASIC (AFSL No. 318232).
Education
AxiTrader has a dedicated education section on their website, helping traders of all levels to better understand CFD and FX trading. Within their Education section you can find; trading guides, FX training courses, FX eBooks, trading signals guides, technical analysis and more.
Segregated funds
All client deposits/ monies are banked and held in segregated accounts with the National Australia Bank (NAB). These funds are not used for hedging purposes or in any other business dealings.
Customer support
AxiTrader have excellent customer support, including your very own dedicated account manager! There is 24 hour support and assistance available in 5 different languages (English, French, German, Italian and Spanish).
